Two of the principals of a global cybercrime organization, Gal Barak and his partner Uwe Lenhoff, were arrested in January/February 2019 as part of an international enforcement action by the authorities of Germany, Austria, and Bulgaria. Uwe Lenhoff is currently in custody in Austria and awaits prosecution. They are charged with fraud, money laundering and building of a criminal organization by ripping off thousands of European retail investors. There are 8 additional suspects (including Joachim Kalcher, an Austrian citizen). Barak was first arrested in Sofia but then released into house arrest for health reasons. The Austrian authorities had requested his extradition.
Shalon And Smirnov
FinTelegram has communicated with the network’s other two principals, the Russian Vladislav “Vlad” Smirnov
In the course of
This is a rather surprising development, as Gery Shalon and Vladislav Smirnov were considered close business partners and friends. The shares of Global FinTech Solutions Ltd in the British Virgin Islands, which is at the center of the investigation, is held by these four parties (Smirnov, Shalon, Lenhoff, Barak). OldyPak Capital Ltd of Smirnov and Shalon holds 46% of the shares in this company, which in turn owns 100% of Tradologic Solutions Ltd which developed the trading software. Gal Barak is the managing director of both companies. Who’s apparently left alone now.